Latest news with #CharalamposMylonas
Al Etihad
7 days ago
- Business
- Al Etihad
ADNIC posts Dh261.2 million profit before tax in H1 2025
12 Aug 2025 20:07 ABU DHABI (ALETIHAD) Abu Dhabi National Insurance Company (ADNIC) reported a net profit before tax of Dh261.2 million in the first half of 2025, reflecting an increase of 16.5% compared to the same period in company also recorded gross written premiums of Dh5.54 billion, marking a 25.7% year-on-year insurer maintained a combined ratio of 92.9%, underscoring the strength of its underwriting strategy and operational insurance revenue for the period reached Dh4 billion, up from Dh3.3 billion in the first half of last year, while net insurance service result climbed 26.5% to Dh258.5 income stood at Dh142.4 million, a 19.5% increase over the prior year. Profit after tax came in at Dh235.3 of June 30, 2025, total assets stood at Dh11 billion, with total shareholders' equity at Dh3.5 Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: 'ADNIC's strong performance in the first half of 2025 demonstrates the resilience of our business model and the effectiveness of our long-term strategy. We have continued to grow across our core businesses, supported by robust underwriting discipline and prudent investments."Our focus remains on delivering sustainable value to our shareholders while supporting the UAE's broader economic vision and reinforcing our role as a key enabler of growth in the insurance sector.'Charalampos Mylonas, Chief Executive Officer of ADNIC, added: 'We are pleased to announce a strong set of results in the first half of 2025. Our strong capital position, combined with disciplined cost management and forward-looking innovation initiatives, enables us to adapt to evolving market conditions and seize new opportunities. We remain committed to creating long-term value for our stakeholders and advancing our role as one of the leading insurance providers in the region.' During the period, ADNIC partnered with the Sheikh Zayed Housing Programme to offer specialised life insurance solutions to eligible UAE nationals, and continued to invest in the safe and responsible integration of artificial intelligence across its operations to enhance efficiency and customer experience. Source: Aletihad - Abu Dhabi
Arabian Business
25-07-2025
- Business
- Arabian Business
ADNIC to provide life insurance to Emiratis up to the age of 95
Abu Dhabi National Insurance Company (ADNIC) has launched a specialised life insurance offering for eligible UAE nationals through a strategic partnership with the Sheikh Zayed Housing Program (SZHP). The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis, aged up to 70, to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older borrowers. ADNIC expands life insurance terms The housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with programme since its inception. Charalampos Mylonas, Chief Executive Officer of ADNIC, commented: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. 'As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement.
Mid East Info
23-07-2025
- Business
- Mid East Info
ADNIC and Sheikh Zayed Housing Program sign strategic partnership to support UAE Nationals with life insurance
Abu Dhabi National Insurance Company ADNIC, one of the leading regional multi-line insurance providers for both corporates and individuals, has announced a strategic partnership with the Sheikh Zayed Housing Program (SZHP) to launch a specialised life insurance offering for eligible UAE Nationals. The partnership was formalised as part of a signing ceremony in Dubai, marking the official public launch of the program. ADNIC will manage and lead the insurance program along side other leading insurance companies in the UAE that are associated with the program. The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis aged up to 70 to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older borrowers. The housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with program since its inception. Commenting on this partnership, Charalampos Mylonas, Chief Executive Officer of ADNIC, said: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement. This milestone reflects ADNIC's continued leadership in developing solutions that support national priorities and the evolving needs of citizens.
Zawya
23-07-2025
- Business
- Zawya
ADNIC and Sheikh Zayed Housing Program sign strategic partnership to support UAE Nationals with life insurance
Abu Dhabi, UAE: Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has announced a strategic partnership with the Sheikh Zayed Housing Program (SZHP) to launch a specialised life insurance offering for eligible UAE Nationals. The partnership was formalised as part of a signing ceremony in Dubai, marking the official public launch of the program. ADNIC will manage and lead the insurance program along side other leading insurance companies in the UAE that are associated with the program. The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis aged up to 70 to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older borrowers. The housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with program since its inception. Commenting on this partnership, Charalampos Mylonas, Chief Executive Officer of ADNIC, said: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement. This milestone reflects ADNIC's continued leadership in developing solutions that support national priorities and the evolving needs of citizens. -Ends- About Abu Dhabi National Insurance Company Abu Dhabi National Insurance Company (ADNIC) PJSC is a composite insurance partner with long standing expertise in providing insurance products to individuals and corporates across the Middle East and North Africa (MENA) region. Founded in the United Arab Emirates (UAE) in 1972, ADNIC has a wide network of branches as well as sales and service centres across the country. ADNIC also has a representative office in London, under the name ADNIC International Ltd. ADNIC is a publicly listed company on Abu Dhabi Securities Exchange (ADX). For more information, please contact: media@
Al Bawaba
23-07-2025
- Business
- Al Bawaba
ADNIC and Sheikh Zayed Housing Program sign strategic partnership to support UAE Nationals with life insurance
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has announced a strategic partnership with the Sheikh Zayed Housing Program (SZHP) to launch a specialised life insurance offering for eligible UAE Nationals. The partnership was formalised as part of a signing ceremony in Dubai, marking the official public launch of the will manage and lead the insurance program along side other leading insurance companies in the UAE that are associated with the program. The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis aged up to 70 to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with program since its on this partnership, Charalampos Mylonas, Chief Executive Officer of ADNIC, said: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement. This milestone reflects ADNIC's continued leadership in developing solutions that support national priorities and the evolving needs of citizens. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
